If you get caught speeding in Virginia you could find it difficult to break the speed limit again. The state is set to become the first to allow its judges to order speeders to install a device limiting how fast they can drive in the future. The new rules go beyond the speed warning devices European lawmakers have enacted, reports Headlight.News.
With thousands gathered in protest at dealers around the world over the weekend, Tesla wrapped up what is expected to be a weak first quarter, the automaker watching sales dwindle as opposition grows to CEO Elon Musk’s role in the Trump administration – as well as his increasingly vocal shift to the political far right. Headlight.News has the latest.
Thousands of people are expected to gather at more than 500 showrooms, service centers and other locations on Saturday March 29 as part of “Tesla Takedown,” a loosely organized movement aimed at protesting CEO Elon Musk’s political shift to the extreme right, as well as his role heading the Trump administration’s controversial Department of Government Efficiency. The question is whether there will be any of the sort of violence that has occurred at other protests in recent weeks. Headlight.News has more.
The automotive tariffs going into effect next months could add thousands, even tens of thousands, of dollars to the cost of new vehicles. But Pres. Donald Trump raised the threat that he might punish manufacturers who pass tariff costs on to consumers. More from Headlight.News.
President Donald Trump formally announced that 25% tariffs targeting imported autos and auto parts will go into effect on April 3, though final details impacting some Canadian and Mexican imports have yet to be finalized. Trump promised the move will spur significant growth in the domestic auto industry. But many analysts, along with industry officials, warned it could result in a hit to industry sales and earnings, driving many potential customers out of the new vehicle market. Headlight.News has more.
A growing number of investors, including some of Tesla’s traditional bulls, are pressing the automaker to replace CEO Elon Musk despite the rebound in the company’s stock this week. That has led to growing speculation over who might come in to replace him, with founder and former tech chief J.R. Straubel in the spotlight. Headlight.News has more.
Hyundai Motor Group plans to invest $21 billion for a variety of U.S.-based projects, including steel production and the expansion of its U.S. automotive production to 1.2 million vehicles annually. That more than doubles what the South Korean has invested since entering the U.S. market in 1986. More from Headlight.News.
The accounting of Tesla’s capital spending and assets, particularly what appears to be a missing $1.4 billion, are prompting new questions about spending by the company and its uber-wealthy CEO Elon Musk.
Faced with strong resistance from domestic and foreign automakers alike, Pres. Donald Trump has reportedly folded and won’t put in place 25% tariffs on Mexican and Canadian autos and auto parts which, critics warned, could cripple the auto industry while also giving a hammer blow to the U.S. economy as a whole. More from Headlight.News.
As protests at many Tesla showrooms become a daily occurrence and those who own the automaker’s products find themselves routinely given thumbs-down or an extended middle finger, more and more are trading in, according to new data. But they’re finding residual values for used Teslas have come crashing down. That’s something competitors such as Lucid and Polestar hope to take advantage of, as Headlight.News reports.
Two top Tesla investors are taking aim at CEO Elon Musk, one saying he must pull back from his work for the Trump administration, the other saying the damage is done and that it’s time for the automaker to find a new chief executive. Things grew worse for the...
After initially halting deliveries due to reports of exterior panels detaching while the vehicle is being driven, Tesla said Thursday it would recall all Cybertrucks it has produced from launch through late last month. It comes as the eighth safety recall of the electric pickup and another setback for a manufacturer that has seen its stock price plummet by nearly half its value since mid-December. It underscores the fact that Tesla has had major ongoing quality, durability and recall problems. Headlight.News has more.